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Dr. Doom-Roubini sees Trouble Ahead for the BRICS

Famed economist Nouriel Roubini better known as Dr. Doom has a greatarticle in Project Syndicate about the tough road ahead for the BRICS (Brazil,Russia, India, China, and South Africa). The picture he paints is not pretty.According to Roubini, “Many emerging markets’ growth rates in the next decade may be lower than in the last – as may the outsize returns that investors realized from these economies’ financial assets (currencies, equities, bonds, and commodities).”